Secondly, executing the Peterborough project in 3-years’ time would transform its current cyclical business model to one with a more recurring income base. With an 18MW (Phase 1) waste-toenergy plant, KNM could generate MYR40m-MYR50m in net profit p.a. from FY17, based on a 10% IRR and 80% equity stake. Total capacity is 80MW.